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On Tuesday, the PVC V2201 contract increased its position, and the futures price fluctuated higher, closing at 9695 yuan on the day, +265 yuan from the previous trading day; Volume 620200 lots, open position 580842 lots, +39204, basis 155
.
News: PVC production in January and August is low, mainly affected by insufficient calcium carbide supply and high cost, in September in the case of Inner Mongolia and Ningxia dual control policy unchanged, there will still be some PVC enterprises operating insufficiently
.
Supply in September is expected to be essentially the same
as in August.
2.
Zhong Information reported on September 07: Shaanxi Northwest Yuan (Shenmu) 1.
25 million tons of PVC plant started normally, the factory price was raised by 100 yuan / ton, the factory quotation of type 5 powder was 9450 yuan / ton, the height of type 8 was 550 yuan / ton, and the height of type 3 was 600 yuan / ton, all were acceptance prices, and the actual transaction was discussed
.
Market quotation: the mainstream price of SG-5 in Changzhou market in East China is 9850 yuan / ton, +250
.
Warehouse receipt inventory: 2690 warehouse receipts, +0 sheets
.
Main positions: Top 20 long positions 398764, +16581, short positions 334954, +12558
.
Net increase
.
Summary: PVC operating rate decreased month-on-month last week, and PVC market supply decreased
.
However, domestic PVC social inventories have stopped falling and rebounded for three consecutive weeks, indicating that the market supply is sufficient
.
Last week, PVC downstream products enterprises did not change much, and demand was tepid
.
The export of some enterprises' products was restricted by shipping, resulting in orders that were not as expected
.
Taiwan Formosa Plastics has a device overhaul this week, Inner Mongolia power cuts are still in place, and calcium carbide supply is tight
.
Recently, the United States has been affected by hurricanes, the supply of energy and chemical commodities has decreased, and the domestic coal trend is strong, which is expected to form some support
for PVC.
The V2201 contract was volatile and higher during the day, indicating that the bulls still have the advantage
.